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RCOM BANKRUPTCY
NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...- SBI seeks Supreme Court review of spectrum ruling in Aircel case, warns of banking and IBC risksSBI has moved the Supreme Court seeking review of its February 13 ruling that barred telecom spectrum from being treated as an asset under ...
- Omkara, Oaktree pay Rs 1,200 crore to buy GTL debt from EdelweissOmkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 cror...
- Two Reliance Communications units to sell properties, including DAKC“…the board of directors of two wholly owned RCom subsidiaries, RRL and CPL (referred to as `selling companies’) have vide their respective...
- Reliance Communications wants licence renewed for 20 years“RCom’s licence as an operator expires in July and it has approached the DoT for renewal,” said one of officials aware of the developments....
- Reliance Group says allegations of fraud 'unjustified' and 'unwarranted'"The alleged ‘fraud’ classification by certain banks is entirely unjustified and unwarranted, and the ...Delhi High Court by an interim ord...
- Reliance Communications files resolution plan with NCLT“RCom in accordance with the stipulations contained in Regulation 30 of the SEBI ....hereby informs ...that resolution professional of RCom...
- Reliance Communications subsidiary files for bankruptcy protection without prior consentThe B2B arm of RCom, GCX has voluntarily filed for bankruptcy protection under chapter 11 of the United States bankruptcy code last week, a...
- Reliance Communications unit GCX files for bankruptcyRCom in May this year had mentioned that GCX’s value was eroding.
- IRPs admit Rs 66,000 crore of claims against RCom, armsBanks and other financial institutions have filed total claims of around Rs 85,000 crore against the Anil Ambani-promoted telecom company a...
- NCLAT to decide over insolvency plea of RComRCom has pleaded the tribunal to go ahead with insolvency proceedings against it as it is unable to pay dues to its lenders.
- Mukesh Ambani may reap rewards from brother's telecom woesMukesh Ambani’s decision to end a deal with his brother may be an astute business move.
- View: Take a bow, Ericsson. And India, take a lessonWhen a history of India’s 2016 bankruptcy code is written, Ericsson’s lawyers will deserve a glowing mention.
- SBI chief faces Ericsson contempt pleaThe Swedish co has dragged in the lead banker of RCom dues case & filed a third petition against Anil Ambani.
- From glory to dust: An Ambani brand's journey to bankruptcySectoral stresses such as price wars and heavy debt that crippled telecom sector also took their toll on RCom.
- How Rcom's bankruptcy may help Asia's richest man - Mukesh AmbaniMukesh Ambani could now have more leverage in bidding for assets of a co whose demise he helped hasten.
- How India's banks ran up a $7 billion phone billIt was clear that Anil Ambani’s telecom venture stood no chance in a crowded field against Jio .
- Lenders to oppose NCLT decision to start RCom bankruptcy proceedingsRCom and its two units opposed the NCLT order, saying the Swedish company was an operational creditor.
- Manipal Tech withdraws bankruptcy plea against RCom"The appeal is disposed of as withdrawn," noted a two-member bench of NCLAT Justices A I S Cheema and Balvinder Singh, in its order.
- This Chinese lender offers Indian banks a risky RelianceRCom's previous attempts to deleverage by merging its cellular business with another operator and selling a stake in the towers have come t...
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